France: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in France

The French gear cutting machine market dropped modestly to $X in 2021, waning by -4.2% against the previous year. Overall, consumption, however, recorded a significant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Gear Cutting Machine Production in France

In value terms, gear cutting machine production expanded significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.6% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2018 when the production volume increased by 20%. Gear cutting machine production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Gear Cutting Machine Exports

Exports from France

In 2021, approx. X units of gear cutting, gear grinding or gear finishing machines were exported from France; which is down by -53.5% compared with 2020. In general, exports continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2015 with an increase of 381% against the previous year. The exports peaked at X units in 2020, and then declined dramatically in the following year.

In value terms, gear cutting machine exports declined to $X in 2021. Overall, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 298% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

India (X units), Italy (X units) and Spain (X units) were the main destinations of gear cutting machine exports from France, with a combined 50% share of total exports. These countries were followed by Turkey, China, Germany, Romania, the United States, Senegal, Tunisia, Australia, the Netherlands and Switzerland, which together accounted for a further 44%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +400.0%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Italy ($X) and Germany ($X) constituted the largest markets for gear cutting machine exported from France worldwide, together comprising 51% of total exports. These countries were followed by India, Spain, Turkey, Romania, the United States, Australia, Tunisia, Switzerland, Senegal and the Netherlands, which together accounted for a further 37%.

In terms of the main countries of destination, Romania, with a CAGR of +52,595.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average gear cutting machine export price stood at $X per unit in 2021, growing by 96% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+9,350.9%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Cutting Machine Imports

Imports into France

In 2021, approx. X units of gear cutting, gear grinding or gear finishing machines were imported into France; dropping by -22.8% compared with the previous year. Over the period under review, imports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 343%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, gear cutting machine imports reduced sharply to $X in 2021. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 86%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of gear cutting machine to France, accounting for a 55% share of total imports. Moreover, gear cutting machine imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Belgium (X units) ranked third in terms of total imports with a 19% share.

From 2012 to 2021, the average annual growth rate of volume from Italy amounted to +56.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.8% per year) and Belgium (+83.7% per year).

In value terms, Germany ($X) constituted the largest supplier of gear cutting, gear grinding or gear finishing machines to France, comprising 54% of total imports. The second position in the ranking was held by Italy ($X), with a 22% share of total imports. It was followed by Spain, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at -12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+63.2% per year) and Spain (+469.3% per year).

Import Prices by Country

In 2021, the average gear cutting machine import price amounted to $X per unit, reducing by -45.1% against the previous year. Overall, the import price saw a dramatic curtailment. The pace of growth was the most pronounced in 2019 an increase of 391%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+203.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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